I need some opinion if panic selling can contribute of rapidly drop of the bitcoin price. If it is right how can we convince to the bitcoiners to not doing panic selling.
Yes, it is. You cannot convince people not to do panic selling because it is their own choice and panic selling is just a normal thing when there is a bad news going on in the crypto industry.
this is the moment you realize that bitcoin is a global market with LOTS of people...
not easy to control the feelings of a lot of people in different timezones with different desires, dreams and goals.